Blackstone-backed gem institute IGI plans December 13 IPO, aiming to raise Rs 4,225 crore.

Blackstone-backed International Gemmological Institute (IGI) plans to launch its IPO on December 13, aiming to raise Rs 4,225 crore. The price band is set at Rs 397-417 per share, with proceeds to be used for acquiring the IGI Belgium and Netherlands Groups and general corporate purposes. The IPO includes a fresh issue of Rs 1,475 crore and an Offer for Sale of Rs 2,750 crore by the promoter. Shares will be listed on BSE and NSE on December 20.

3 months ago
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